24 maritime news articles about Sanctions
Latest changes & additions Iran On 8 May 2019 Iran has suspended its commitments under the JCPOA to sell surplus of enriched uranium in exchange for natural uranium, and to make excess heavy water available on the open market. Iran urged the E3, Russia and China to fulfil their banking and oil commitments to Iran
This circular provides an overview of the latest US sanctions on Iran, based on publications from the US Department of State and the Office of Foreign Assets Control (OFAC).
This Circular provides information in conjunction with U. S.
The circular provides an update on the OFAC’s designation of Ansarallah (i. e.
This sanctions package targets key sectors of the Russian economy which include trade, transport, energy, infrastructure, and financial services. It also includes additional measures targeting the ‘shadow fleet’ and sanctions circumvention.
OUTLINE • On 14 May 2020 the US issued a Global Maritime Advisory (“Guidance”) aimed at a range of industry sectors including marine insurers such as P&I...
OUTLINE The six-month temporary relief of EU and US sanctions measures relating to transportation and insurance of petrochemical cargoes from Iran and Irania...
OUTLINE The International Group is seeking clarification directly from OFAC on a number of aspects of the application of the Presidential Memorandum of 8 May...
OUTLINE Advice to Members regarding insurance cover arrangements following partial lifting of Iran sanctions under the JCPOA EU and US have made it clear tha...
On 19 September 2022, the EU amended its FAQs clarifying that the carriage of certain cargoes from Russia including coal and certain types of fertiliser (and...
The EU adopted an eighth package of sanctions on 6 October 2022 in response to Russia’s continued military aggression against Ukraine. A number of Regu...
Outline This Circular is to raise awareness of an expansion in United States sanctions, targeting the construction of the NS2 and TurkStream pipeline project...
OUTLINE On 5th August 2019, the United States (US) administratrion increased its sanctions programme against the Government of Venezuela Executive Order 1388...
OUTLINE "Framework for OFAC Compliance Commitments" (the "Compliance Framework") published by OFAC on 3 May 2019 Members are advised to ensure that they adhe...
OUTLINE This circular informs Members of the significant risk of evading the comprehensive international sanctions regime against the Democratic People's Rep...
UPDATE – 20 September 2022: On 19 September 2022 the EU further amended its FAQS clarifying the application of provisions relating to the carriage of certain...
[AMENDED 22 JULY] On 21 July 2022 the European Union published a Maintenance and Alignment Package. The package included amendments to Regulation (EU) No.
On 24 February 2023, the one year anniversary of Russia's invasion of Ukraine, the US Department of State and the US Department of Treasury's Office of Forei...
On 25 February 2023, the EU adopted its 10th package of sanctions against Russia. The relevant EU Regulations and Council Decisions can be found here but of ...
OUTLINE Since 2010, considerable sanctions’ activity has been directed at shipping and its supporting industries, reflecting the fact that 90% of world trade...
On 21 October 2024, the Price Cap Coalition ("Coalition") issued an Updated Advisory for the Maritime Industry which sets out best practice recommendations for those involved in the trade of Russian origin crude oil and petroleum products. The update also covers OFAC’s Compliance Communiquè on sanctions compliance gui
On 21 July 2022, the European Union published a Maintenance and Alignment Package. The package included amendments to Regulation (EU) No.
Summary Home / News / Circulars / Sanctions – The European Union’s 6th Sanctions Package – EU Regulation 833/2014– (the “Regulation”) Circulars – P&I – No: 2681/2022 Sanctions – The European Union’s 6th Sanctions Package – EU Regulation 833/2014– (the “Regulation”) Gothenburg: 1 July, 2022 Summary It is important t
Since 2010, considerable sanctions’ activity has been directed at shipping and its supporting industries reflecting the fact that 90% of world trade involves